Circle all of the following statements that are correct?

a. The binomial option pricing model does not allow for perfectly divisible stock.

b. Deep-in-the-money options derive most of their total value from the intrinsic value component of the option.

c. Issuing options provides companies with a low cost method of raising capital.

d. The market value of an option depends in part on the options time to maturity and on the variability of the underlying stocks price.

e. Eulers number (e or exp) is equal to 3.14.

f. Trading options is a zero-sum game.